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For the reaction, 2Cr2+ + Cl2(g) 2Cr3+ + 2Cl-, E°cell is 1.78 V.Calculate E°cell for the related reaction Cr3+ + Cl- Cr2+ + 1/2Cl2(g) .
Total Economic Profit
The sum of accounting profit and economic profit, which measures the total earnings of a company after accounting for both explicit and implicit costs.
Profitable Level
The point at which the revenue from sales exceeds the costs involved in production or procurement.
Market Price
Market Price is the current price at which a good or service can be bought or sold in a marketplace.
Short Run
This is a period during which at least one factor of production is fixed, typically used in economic analyses to describe immediate effects of changes.
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